Question

amount due to Mr. Prabin Rs. 16000 paid in cash subject to a discount of 3% give journal Entry​

Answer 1

Answer:

Pravin A/c dr 16000 -

Tocash A/c. - 15520

To discount A/c - 480

Answer 2

Answer:

discount is 3%

sp is Rs 16000

let M.p to be x

discount = (3/100) x

=(3/100)x=x-16000

=(3/100)x-(x)=-16000

=-(97/100)x=-16000

=x=16000×100/97

=x=16,498.84

so x= 16,498.84

Explanation:

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